WSFS Financial Corp. (WSFS) Hits New 12-Month High at $38.13
WSFS Financial Corp. (NASDAQ:WSFS) reached a new 52-week high during trading on Thursday . The company traded as high as $38.13 and last traded at $38.09, with a volume of 48,518 shares trading hands. The stock had previously closed at $37.89.
A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on WSFS Financial Corp. from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, August 1st. Zacks Investment Research upgraded WSFS Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, August 2nd.
The stock’s 50 day moving average is $35.75 and its 200-day moving average is $33.61. The stock has a market cap of $1.12 billion and a PE ratio of 18.38.
WSFS Financial Corp. (NASDAQ:WSFS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. During the same period in the previous year, the business earned $0.43 earnings per share. The firm earned $46.41 million during the quarter, compared to analysts’ expectations of $46.64 million. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts forecast that WSFS Financial Corp. will post $2.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, August 17th.
In related news, EVP Stephen P. Clark sold 7,269 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $36.03, for a total value of $261,902.07. Following the completion of the transaction, the executive vice president now directly owns 15,689 shares of the company’s stock, valued at approximately $565,274.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
An institutional investor recently raised its position in WSFS Financial Corp. stock. Victory Capital Management Inc. boosted its stake in shares of WSFS Financial Corp. (NASDAQ:WSFS) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,685 shares of the company’s stock after buying an additional 8,173 shares during the period. Victory Capital Management Inc. owned 0.12% of WSFS Financial Corp. worth $1,187,000 at the end of the most recent quarter.
WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. The Company operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers.
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